Biden's Tax Proposal Leaves Out Social Security So Far

Biden's Tax Proposal Leaves Out Social Security So Far
  • Oops!
    Something went wrong.
    Please try again later.

President Biden recently revealed the details of a tax proposal that, if passed, could leave the wealthy on the hook for a much higher IRS liability. For one thing, Biden is seeking to raise the top marginal tax rate from 37% to 39.6% for the country's highest earners. Biden is seeking to tax long-term capital gains at the highest marginal rate he's proposing -- 39.6%.